Bubble Tea Market Informative Data: Trends, Challenges & Drivers 2022-2031

Demand in the bubble tea market is expected to reach US$ 2.3 Bn in 2021. Looking forward, Future Market Insights (FMI) expects the global bubble tea market size to reach US$ 5.5 Bn by 2031, exhibiting growth at 8.8% CAGR for 2021-31.

Bubble tea is made using black tea, green tea, oolong tea, or white tea. It has a milk base and includes chewy tapioca balls or boba and fruit jelly.

Sales of bubble tea or pearl milk tea is growing in response to the high demand for healthier alternatives to carbonated drinks. With demand forecast to grow at an impressive pace, the overall bubble tea market will represent 2% of sales registered in the tea industry in 2021.

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Future Market Insights offers a holistic overview of the global market in its report. It offers various interesting facts about the market and evaluates investment feasibility across key segments. Some of the key factors highlighted in the report are:

Tracing back its origin to Taiwan, bubble tea will continue witnessing immense popularity in East Asia. FMI forecasts Asia Pacific to hold dominant share in the market Demand for fruit flavored bubble tea is expected to rise higher, giving impetus to the overall market Among teas available, black tea will continue leading the market thanks to consumer preferences for healthy beverages

“Availability of bubble tea in a plethora of flavors has helped the sales to pick up in the last few years. While chewy tapioca balls have lesser calorie count, they are soaked in sugar which makes them less healthier. Given the scenario manufacturers are expected to experiment with various flavors and healthier versions of bubble tea incorporating green tea and other exotic flavors to retain consumers,” said a lead analyst at FMI.

Who is winning?

The bubble tea is a highly competitive one, wherein manufacturers are looking at expanding their footprint to gain edge over rivals. Besides this, there is ample focus on product launches as well. In both front, market players are engaging in creating awareness about bubble tea. Many even underscore the various health benefits and antioxidant properties to give tailwinds to sales.

FMI profiles some of the leading companies operating in the bubble tea market. These include Chatime, OCOCO International Co., Ltd., Quickly Corporation, Gong Cha USA, Boba Guys, Inc., ZEEKEI GmbH, Sharetea, VIVI BUBBLE TEA, 8tea5, Kung Fu Tea, Ten Ren Tea, Inc., Lollicup USA, Inc., Tapioca Express, Inc., Boise Boba, and Woop Bubble Tea.

Bubble Tea Market by Category

By Base Ingredient:

  • Black Tea
  • Green Tea
  • Oolong Tea
  • White Tea
  • Others

By Flavour:

  • Original
  • Flavored
    • Nut-Flavoured
    • Chocolate
    • Fruit
    • Honey
    • Mocha
    • Coconut
    • Caramel
    • Vanilla

By Sugar Content:

  • Regular
  • Reduced Sugar/Sugar Free

By Format:

  • Ready-to-Drink (RTD)
  • Instant Mixes

By Toppings:

  • Pearl
  • Grass Jelly
  • Coconut Jelly
  • Red Bean
  • Multiple/Others

By Distribution Channel:

  • Direct (B2B)
  • Indirect (B2C)
    • Hypermarket/Supermarket
    • Convenience Stores
    • Grocery Retailers
    • Grocery Retailers
    • Wholesale
    • Other Store based Retailing
  • Online Reatailing

By Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

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Key Questions Answered in the Report

  • What is the bubble tea market size?

The global bubble tea market size is expected to reach US$ 2.3 Bn in 2021. By 2031, the market value is poised to surpass US$ 5.5 Bn at 8.8% CAGR.

  • What is the most popular bubble tea flavor?

Chocolate bubble tea, followed by nut-flavored bubble tea is most popular in the market.

  • What are the key trends shaping the bubble tea market?

High demand for flavored beverages derived from natural ingredients is encouraging flavor innovation in the bubble tea market. Consequently, some of the leading bubble tea brands are emphasizing on frequent product launches, which is expected to remain key trend in the market.

  • Who are the leading players in the bubble tea market?

Top players in the bubble tea market are Cha Time, Bubble Tea Supply Inc., Gong Cha, CoCo Fresh, Quickly, Kung Fu Tea, Tiger Sugar Korea, Boba Loca, Happy lemon, Lollicup USA, Inc., Share Tea. Key players accounted for around 40% of market share in 2020.

  • How was post-COVID bubble tea market performance?

Despite supply chain disruptions witnessed amid COVID-19, the bubble tea market registered 7.5% year on year growth in 2021.

  • What is the North America bubble tea market outlook?

The bubble tea market in North America will grow by 7.6% CAGR between 2021 and 2031.

  • What is the Europe bubble tea market outlook?

The Europe bubble tea market will register growth at 7.6% CAGR through 2031.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
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Global Air-dried Food Market – Detailed Survey On Key Trends, Leading Players & Revolutionary Opportunities 2030

The rising demand for healthy food that can be stored over a longer period of time has proven to be a boon for the air-dried food market. Future Market Insights (FMI) in a recent study has forecast the market to rise at an impressive pace, a trend which is expected to gather steam in response to increasing health consciousness among consumers.

Market surveys suggest, consumers are more willing than ever before to pay premium price for healthy food. Air drying food helps preserve its nutrients while extending the shelf-life without using any artificial additives. More generally speaking, it is a process of evaporation that helps rid moisture from food thus eliminating the risk of contamination due to bacteria, mold, or yeast.

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Foray of novel and advanced packaging technologies is expected to facilitate expansion of the market. Some of the leading manufacturers are adopting these advanced techniques to air dry food and make them available at a commercial scale. Packaging also helps improving the longevity of the food item.

Dehydrating food is practiced in both household and commercial levels. Market today has several machines, both indigenous and high-end, available for dehydrating smaller quantities of food for home consumption. Commercially, some of the leading food producers use air drying techniques to manufacture ready-to-eat and ready-for-consumption packaged foods.

This is another chief driver of the market. According to FMI, despite their hectic lifestyle, consumers are looking for convenient food that have high nutritive value. Furthermore, awareness pertaining to health and wellness has made them wary about preservatives used in frozen or packaged food. This invariably creates a market, ready to accept the air drying technology that offers better convenience without compromising on the overall quality of food.

FMI in its recent report studies various factors impacting the trajectory of the air-dried food market. It covers factors driving growth and those restraining it. The report also uncovers hidden opportunities for market players. It offers key insights into the market. Some of these are:

Rising commercial application will give tailwinds to the growth witnessed in the air-dried food market Coffee beans are expected to comprise leading market share in terms of products Europe is expected to dominate the global market, however, demand from Asia Pacific is poised to surge considerably over the coming years Air-dried fruits have become a highly popular and high-energy snacking option among consumers

Who is winning?

The global air-dried food market is characterized by the presence of numerous market players, which has rendered it fragmented. Therefore the market is witnessing frequent product launches besides strategic collaborations as companies aim at gaining competitive advantage. Evidently, they are also under pressure to maintain competitive pricing.

FMI profiles some of the leading companies operating in the global air-dried food market. These include DMH Ingredients, Inc., Dehydrates Inc., Berrifine A, La Frubense, BCFoods, Inc., Saraf Foods Pvt. Ltd., B-B Products (Australia) Pty Ltd., Nestle S.A., FREEZE-DRY FOODS, HOWENIA ENTERPRISE CO., LTD.

Key Segment

Form

Powder & Granule Chunks & Pieces Flakes

End User

Household Commercial

Region

North America Latin America Europe East Asia South Asia and AEAN MEA

Air-dried Food Market: Key Research Findings

Future Market Insights (FMI) forecasts impressive growth of the air-dried food market at over 7% CAGR between 2020 and 2030 Spurred by willingness among consumers to pay premium for convenience goods will enable market surpass a whopping US$ 93 Bn of worth by 2020 Advent of innovative packing technologies and materials will create incremental growth opportunities. Following this, the market will witness foray of wooden packaging and stand-up pouches Based on form, powder and granules are likely to be in high demand and hold dominance in the global market Coffee beans will continue dominating as the top product. Rising production of instant coffee and coffee powder will boost growth in the segment

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Air-dried Food Market: Key Research Findings

  • Future Market Insights (FMI) forecasts impressive growth of the air-dried food market at over 7% CAGR between 2020 and 2030
  • Spurred by willingness among consumers to pay premium for convenience goods will enable market surpass a whopping US$ 93 Bn of worth by 2020
  • Advent of innovative packing technologies and materials will create incremental growth opportunities. Following this, the market will witness foray of wooden packaging and stand-up pouches
  • Based on form, powder and granules are likely to be in high demand and hold dominance in the global market
  • Coffee beans will continue dominating as the top product. Rising production of instant coffee and coffee powder will boost growth in the segment

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
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Pet Milk Replacers Market Research Report- Opportunities & Challenges With Completely Different Segments, Forecast- 2031

As per Future Market Insights (FMI), the global pet milk replacers market is projected to reach US$ 192.7 Mn in 2021. New pet parents are embracing the trend of pet humanization, resulting in increasing expenditure on pet products and accessories.

Growing preference towards sustainable and nutrient-rich pet feed is propelling sales of pet milk replacers. FMI projects the market to grow at a robust 7.10% CAGR through 2031.

The advent of the novel COVID-19 pandemic led to dampened sales of pet milk replacers due to restrictions in movement and disrupted supply chains. However, FMI projects a positive demand outlook for the pet milk replacers, as the market experienced year-over-year growth by 6.30% from 2020 to 2021.

Pet milk replacers are emerging as beneficial additions to pet diets. Pet milk replacers are generally fed to puppies and kittens to meet the need for nutrition which is lacking in cow or goat milk.

Most dog breeds and feline species are allergic to cow’s milk. Having highly sensitive digestive systems, these animals are susceptible to gastrointestinal issues which can even lead to severe outcomes.

As people are getting highly conscious about pet health, sales of pet milk replacers are anticipated to continue gaining momentum throughout the assessment period. According to FMI’s market survey, non-medicated pet milk replacers will remain highly sought after through 2031.

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As per FMI’s regional analysis, sales of pet milk replacers in the U.S. are anticipated to witness an uptick in the upcoming decade. Growth in the market can be attributed to higher disposable income in the country and the penetration of leading players.

“Demand for sustainable food alternatives for animals, coupled with innovative product launches from key stakeholders to improve nutritional content in pet milk replacers will continue augmenting market growth through 2031,” says the FMI analyst.

Key Takeaways from the Pet Milk Replacers Market Survey:

Based on product, sales of non-medicated pet milk replacers are projected to hold the lead through 2031. Powdered pet milk replacers will dominate the market, due to convenience in terms of transport and logistics. The U.S. is projected to emerge as a lucrative market, with the North America market expanding at a 4.90% CAGR. Germany will lead the Europe pet milk replacers market. As per the market analysis, Europe is anticipated to exhibit a steady 5.60% CAGR. Demand for pet milk replacers in China are expected to be positive, with increasing expenditure on pet food and accessories in the country. Japan and South Korea will account for 4.9% and 3.2% of the total market share respectively.

Competitive Landscape

Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc., Nutreco N.V., Pet-Ag, Inc., Land O’Lakes, Liprovit BV, Calva Products, LLC, and Jordan Agri Limited. are among the leading players operating in the pet milk replacers market.

As a part of their growth strategies, leading players in the market are emphasizing on product development and production facility expansions to fulfill the growing demand. Acquisitions and collaborations will hold significance among market players. For instance:

In July 2021, Archer Daniels Midland Co. announced its plans to acquire Serbian agribusiness company Sojaprotein. The company intends to expand its diverse product portfolio with this acquisition, improving its meat alternatives, confectionery, pharmaceutical, and pet food segments. In April 2020, Pet-Ag, Inc. inaugurated its fully operational production and distribution facility in Hampshire, Illinois. The 157,000 square-foot building consolidated two of Pet-Ag’s production, research, and administrative locations in Kansas City.

Pet Milk Replacers Market by Category

By Pet Type: 

  • Dogs
  • Cats
  • Others

By Product Type:

  • Medicated
  • Non-medicated

By Form Type:

  • Liquid
  • Powder

By Region:

  • North America
  • Latin America
  • Eastern Europe
  • Western Europe
  • Asia Pacific Excluding China (APEC)
  • China
  • Middle East & Africa (MEA)

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Key Questions Answered in the Report

What is the current pet milk replacers market value?

The pet milk replacers market reached a valuation of US$ 192.7 Mn in 2021.

At what rate did the pet milk replacers market grow between 2016 and 2020?

The pet milk replacers market experienced positive growth, exhibiting a 6.30% CAGR between 2016 and 2020.

What are the key trends driving pet milk replacers sales?

Growing prevalence of pet humanization, coupled with longer shelf life and convenience of pet milk replacers are key growth accelerators in the market.

Who are the leading players in the pet milk replacers market?

Leading players operating in the pet milk replacers market include Cargill, Incorporated, Archer Daniels Midland Company, Glanbia plc, CHS Inc. and Pet-Ag, Inc.

What will be the demand outlook for the North America pet milk replacers market?

The North America pet milk replacers market is anticipated to grow at a steady 4.90% CAGR during the forecast period.

At what rate will the sales of pet milk replacers grow in Europe?

The pet milk replacers market in Europe is expected to exhibit a healthy 5.60% CAGR through 2031.

What is the market share of leading players in the pet milk replacers market?

The top 5 players in the pet milk replacers market collectively account for approximately 15-25% of the global market share in 2021.

Which are the top countries driving the sales of pet milk replacers?

Top countries in driving the pet milk replacers market sales are the U.S., France, Germany, China, and Brazil.

What is the current market share of Japan and South Korea in the global pet milk replacers market?

Japan and South Korea will account for 4.9% and 3.2% of the total market share respectively.

Coconut Water Market- Outlook On Emerging Application, Revolutionary Trends & Potential Growth Strategies 2030

The analysts at Future Market Insights (FMI) followed a multidisciplinary approach during the pandemic to study the growth and development of the Coconut Water Market. The report features insights on the current growth dynamics and the major revenue reforms prevailing in the market as of 2020 along with the key takeaways over the forecast period 2021 to 2030.

The team of researchers at Future Business Insights are focussing on research and market study to produce different Coconut Water Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the Coconut Water Market.

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Key Players

The writer will create content on the general strategies of market players. And then will write the key players in the market are:

Tropicana Products, Inc., a Bradenton, Fla.-based division of PepsiCo, introduced Tropicana Coco Blends.

Segmentation

Nature

  • Conventional
  • Organic

Application

  • Food
  • Bakery & Confectionery
  • Breakfast Cereal
  • Dairy Products
  • Sauces and Salads
  • Other Food Products
  • Beverages
  • Alcoholic Beverages
  • Tea & Coffee
  • Other Beverages
  • Cosmetics & Personal Care
  • Skin Care
  • Hair Care
  • Nutraceutical
  • Animal Feed & Pet Food
  • Retail

Flavour

  • Unflavored/Original
  • Flavored

Sales Channel

  • B2B/Direct
  • B2C/Indirect

Global

  • North America
  • Latin America
  • Europe
  • East Asia
  • Southeast Asia and Pacific
  • Middle East and Africa

What is the size of the overall Coconut Water Market in the Food and Beverage Market and its segments?

What are the key segments and sub-segments in the market?

What are the key drivers, restraints, opportunities, and challenges of the Coconut Water Market in the Food and Beverage Market, and how they are expected to impact the market?

What are the attractive investment opportunities within the Coconut Water Market in the Food and Beverage Market?

What is the Coconut Water Market in the Food and Beverage Market size at the regional and country-level?

What are the key market players focusing on?

What are the strategies for growth adopted by the key players in Coconut Water Market in the Food and Beverage Market?

What are the recent trends in Coconut Water Market in the Food and Beverage Market? (M&A, partnerships, new product developments, expansions)?

What are the challenges to the Coconut Water Market in the growth of the Food and Beverage Market?

What are the key market trends impacting the growth of the Coconut Water Market in the Food and Beverage Market?

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Reasons to Buy the report

The report includes authentic analysis of the market and the present developing trends in the market affecting the growth. FMI speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, industry experts. This ensures that the data collected is from highly reliable sources. We provide accurate insights on various market trends to enable businesses to make informed and beneficial decisions to attain competitive edge over key players. Our analysts provide detailed market segmentation along with useful insights and extensive reports that other companies fail to include. The report comprises the market trends, key players and shift in the demand throughout the forecasted period.

Coconut Water Market Outlook & Key Findings

  • Future Market Insights (FMI) forecasts positive growth for global coconut water market at a CAGR of 10.5% between 2020 and 2030
  • Consumer preferences are shifting towards natural beverages hence big manufacturers are offering packaged coconut water drinks and beverages to gain traction
  • Over 70% of coconut water accounts for original/ unflavored. Despite availability in various flavors, regular coconut water will remain consumer favorite, accounting for nearly one-fourth of the market,  finds FMI

Sports Nutrition Market Incredible Possibilities, Growth With Industry Study, Detailed Analysis And Forecast To 2031

ESOMAR-certified consulting firm Future Market Insights (FMI) projects sports nutrition market to register an impressive growth through 2021 & beyond. Demand for organic sports nutrition beverages will increase, augmenting the sales in the market.

Newly released Future Market Insights (FMI) analysis projects global demand for sports nutrition market to total US$ 19,302.2 Mn in 2021. As per the report, the overall sales of sports nutrition will reach 737,780 MT in the year.

Rising health awareness will cause the demand healthy and nutritional flavored drinks to increase, spurring the sports nutrition market growth. FMI also predicts the demand in the market to rise at an impressive CAGR of 9.3% during the assessment period (2021 – 2031).

With the emergence of online fitness centers and health classes, sales of sports nutrition energy bars and ready to drink sports beverages have spiked tremendously. Manufacturers are therefore entering into alliances with local and regional fitness centers to capitalize on existing opportunities.

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Key Takeaways from FMI’s Sports Nutrition Market Study

Trend for veganism and healthy lifestyle among fitness enthusiasts will drive the sales of plant-derived ingredient sports nutrition. This segment is expected to hold maximum share in the global market. In terms of nature, organic segment will exhibit higher growth as compared to conventional backed by the rising demand for natural and organic products For B2C, flavored sports nutrition beverages are expected to remain dominant throughout the forecast period Expansion of online fitness and retail channels will spur the sales of sports nutrition, exceeding a valuation of US$ 64.1 Bn by 2031 The U.S. is expected to be the most lucrative market across North America during the assessment period India will emerge as a lucrative market backed by the rising demand for organic sports nutrition products in the country

“Growing prevalence of obesity across the globe is pushing the people to opt for healthy lifestyle. With emergence of online fitness centers and health classes, manufacturers are forging partnerships and alliances with local and regional fitness centers generating lucrative revenues,” says the FMI analyst. 

Competitive Landscape

Nestlé S.A., Red Bull GmbH, Ajinomoto Co., Inc., Keurig Dr. Pepper, Inc., Nutrabolt, GlaxoSmithKline plc., Optimum Nutrition, Inc., Premier Nutrition Corporation, Biothrive Sciences, Nutrabolt, Now Foods, INC Sports Nutrition, Vitaco Health, and Uelzena Group. among others are some prominent players operating in the sports nutrition market.

Sports Nutrition Market by Category

B2B

By Ingredient Type:

  • Plant-Derived Ingredient
    • Soy Protein
    • Rice Protein
    • Pea Protein
    • Potato Protein
  • Animal Derived Ingredient
    • Creatine
    • Milk Protein
    • Whey Protein Concentrates
    • Casein
    • BCAA (Branded Chain Amino Acid)
  • Blends

By Nature:

  • Organic
  • Conventional

By Region:

  • North America
  • Latin America
  • East Asia
  • Europe
  • South Asia
  • Oceania
  • Middle East and Africa (MEA)

B2C

By Function:

  • Energizing Products
  • Rehydration
  • Pre-Workout
  • Recovery
  • Weight Management

By Product Form:

  • Ready-To-Drink
  • Energy & Protein Bar
  • Powder
  • Tablets/Capsules

By Flavour:

  • Regular
  • Flavored
    • Fruit Punch
    • Berries
    • Citrus
    • Chocolate
    • Vanilla
    • Others

By Sales Channel:

  • Modern Trade
  • Convenience Store
  • Specialty Store
  • Pharmacy Store
  • Online Retail
  • Other Sales Channel

By Nature:

  • Organic
  • Conventional

By Price Range:

  • Economic
  • Premium

Region

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

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Key Questions Answered in the Report

What is the current sports nutrition market value?

The sports nutrition market is expected to exceed US$ 19,302.2 Mn in 2021

At what rate did the sports nutrition market grow between 2016 and 2020?

The sports nutrition market projected steady growth, registering a CAGR at 7.4% between 2016 and 2020.

What are the key trends driving sports nutrition sales?

Rising trend for clean-label and non-GMO products and easy availability of flavored nutritional sports energy drinks and products will increase the sales.

Who are the leading players of sports nutrition?

Nestlé S.A., Red Bull GmbH, Ajinomoto Co. Inc., Keurig Dr. Pepper Inc., Nutrabolt, and GlaxoSmithKline plc., are the top players identified by Future Market Insights.

What will be the demand outlook for North America sports nutrition market?

North America’s sports nutrition market demand is set to rise at 10.7% CAGR over the forecast period of 2021 and 2031.

What is the market share of leading players in sports nutrition market?

The top players in the sports nutrition market will collectively account for 50-55% of global market share in the year 2021.

At what rate will sports nutrition demand rise in Europe?

Demand for sports nutrition across Europe will exhibit healthy expansion at 9.9% CAGR during the forecast period of 2021 and 2031.

Which are the top countries driving the sports nutrition market sales?

Top countries in terms of sports nutrition sales are China, the U.K., the U.S., India and Germany.

What is the current market share of Japan and South Korea in the global Sports nutrition market?

In 2021, South Korea will account for 0.7% of global sports nutrition market share, while Japan will contribute over 0.5% of global market share.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: 
press@futuremarketinsights.com
Website: 
https://www.futuremarketinsights.com

High Protein Yogurt Market Rewriting It’s Growth Cycle | Covid-19 Business Impact Analysis 2022-2030

The global high protein yogurt market is stipulated to surpass USD 70 Billion by the end of 2030. According to a recent study conducted by Future Market Insights (FMI), for the period 2020 and 2030. Over the span of ten years the demand would show a growth at a CAGR of over 8%.

According to the study, growing demand for protein consumption is expected to accelerate market growth. The study offers a detailed analysis of the industry, covering key drivers of growth, opportunities, restraints and dominant trends. It uses innovative analysis techniques to provide market analyses with the most precision.

The FMI study delves deep into the prevailing dynamics to offer interesting insights into the high protein yogurt market. Some of these are:

In 2020, the estimated market value for high protein yogurt is USD 32 Billion. The market is expected to show significant growth over the forecast period APEJ, North America and Europe as primary markets for high protein yogurt anticipated to exhibit steady growth Conventional segment is expected to remain dominant in terms of nature. Conventional high protein yogurt holds a share of 84% in the global high protein yogurt market. Consumers are moving towards high protein yogurt owing to its various types of flavour options available in the market. Manufacturers are focusing on innovations and product launches to cater to the rising demand for high protein yogurt Store based retailing has the largest market share, based on the sales channel, and is projected to rise at a promising rate over the forecast period. Key players are likely to focus on business expansion and product launches to compete in the developed markets The demand for high protein yogurt is expected to rise as consumers increasingly focus on health and fitness.  High protein yogurt shows the intra-trend of complexity and investment that modern populations are making.

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Various Flavors to Provide Range of Options to the Buyers       

Product innovation and development is a continuous process which has evolved the food industry over the decades. From several flavors available for high protein yogurt, most commonly available flavors under brand names include plain, strawberry, vanilla, raspberry, peach, chocolate, and blueberry. Additionally, there are certain unique flavors that are offered by various brands. As consumers always look for innovative flavors, therefore these products may provide range of option to the consumers and also beneficial for the manufacturers. The increasing flavor inspiration among the customers has raised the demand for vibrant flavors and more palatable products in the market, which has generated various new concepts in the yogurt industry, High protein yogurt are gaining consumer’s attention with their nutritional value and vibrant flavor offerings by leading brands

“The high protein yogurt market, spearheaded by boomers and millennial demographics, is no longer complacent in antiquated practices. By embracing innovation, manufacturers are exploring an array of imaginative possibilities in producing high protein yogurt while consumers are no longer tied to a few unbecoming options.” said a lead analyst at FMI

Who is winning?

As manufacturers seek to lessen the unpredictability caused by demand uncertainty and surging cost, they are aiming at higher control over the supply chain to aid organizational alertness and improve pace to market. Moreover, by focusing on building an organization that is adequately flexible to prosper in today’s economy, manufactures are correspondingly keeping an eye on the bigger picture. Those operating in food and beverage industry are improving supply chain efficiencies thereby lowering operational costs to gain greater profits in highly competitive industry. The companies are also focused on new product launches and expansion of the company.

In 2018, General Mills, Inc., launched its latest yogurt YQ by Yoplait, which is a high protein and less sweet yogurt made with ultra-filtered milk. Yogurt is offered in plain and flavoured variety. Flavoured variety includes lime, mango, strawberry, peach, blueberry, coconut, and vanilla which has 9 grams of sugar and 15 grams of protein. In 2016, Chobani, LLC, expands its manufacturing facility in Twin Falls, Idaho which will help the company to grow in the region and state. The company invests nearly $100 million incremental investment to fuel momentum as company continues to grow category and push into new areas. This move will help the company to meet demand for new and existing products. In 2017, GROUPE DANONE, acquires WhiteWave, which was a strategic move towards plant-based food and drinks, helping to meet consumer expectations for healthier and sustainable choices. This acquisition will enhance the product portfolio with health focused and consumer loved brand options.

Key Segment

Nature

  • Organic
  • Conventional

Product Type

  • Spoonful
  • Drinkable

Source

  • Dairy Based
  • Plant Based

Flavor

  • Regular
  • Flavored
  • Berries
  • Vanilla
  • Chocolate
  • Peach
  • Mango
  • Banana
  • Apple
  • Others

Sales Channel

  • Food Service (HoReCa)
  • Store Based Retailing
  • Hypermarkets/Supermarkets
  • Food & Drink Specialty Stores
  • Independent Small Grocery
  • Online Retail

Global

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

View TOC@ https://www.futuremarketinsights.com/toc/rep-gb-12012

High protein yogurt Market Outlook & Key Findings

  • Future Market Insights (FMI) forecasts positive growth for global high protein yogurt market at a CAGR of 8% between 2020 and 2030
  • Consumer preferences are inclining towards maintaining a healthy lifestyle, which has led to the higher consumption of high protein products with potential health benefits.
  • Over 82% of high protein yogurt accounts for flavored. Despite availability in regular, flavored high protein yogurt will remain consumer favorite,  finds FMI
  • Spoonful high protein yogurt is valued at US$ 26,612.3 Mn in 2020 and is anticipates to reach US$ 58,436.5 Mn with a value CAGR of 8.2%
  • Focusing on developing plant-based probiotic yogurt creating opportunities for the manufacturers in the high protein yogurt market

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Dry Yeast Market to Witness Growth Acceleration During 2022-2030

According to Future Market Insights, the dry yeast market will expand at 7.0% CAGR from 2020-2030.

Growth is underpinned by rising awareness about the importance of nutrition-enhanced animal foods. As pet ownership rises, consumers are looking for healthier food options. Dry yeast helps achieve this objective. They assist in improving digestion and reduce the risk of diseases.

More recently, veganism has dictated dietary preferences, owing to growing environmental degradation concerns posed due to production of animal-based foods. Additionally, vegan feeds are richer in nutritional content and improve feed quality. This shifting consumer trend is compelling manufacturers to incorporate dry yeast in animal feed production.

Palatability is an important factor while selecting animal feeds. Dry yeast helps in this regard by imparting an umami taste, thereby indulging the sensory experience of animals. Based on these trend, the dry yeast market will experience a major uptick across the aforementioned forecast period.

Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-12013

Key Takeaways from FMI’s Dry Yeast Market Report

  • Active dry yeast shall be the most extensively used culture to enhance pet feeds in the forecast period
  • Rising veganism trends are accelerating organic dry yeast usage
  • Global dry yeast market shall surpass US$ 40 Mn by 2020-end
  • Dry yeast market has transitioned from being a niche market to a mainstream market
  • Europe shall emerge as a revenue powerhouse of the dry yeast market, attributed to surging awareness about healthy foods

Dry Yeast Market- Key Trends

  • Rising preference for clean label ingredients by consumers shall underpin dry yeast market growth in the forecast period
  • Humanization of pets is bolstering appetite for high quality and premium pet food options, providing traction to the dry yeast market
  • Blanket ban on antibiotics usage in animal feeds is auguring demand for dry yeast as an effective substitute
  • High prices of yeast-based feeds renders them unaffordable to low and middle-income consumers, restricting growth prospects

Dry Yeast Market- Regional-wise Analysis

  • Europe to spearhead the global growth, with France & Germany being primary revenue generators
  • Rising demand for clean label foods is stimulating the European dry yeast market growth
  • North America accounts for over 1/5th revenue share, exhibiting a CAGR of 6.1% from 2020-2030
  • India accounts for 13% of the total dry yeast usage in animal feeds in the Asia-Pacific market

For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-12013

Dry Yeast Market- Competitive Landscape

Prominent players in the dry yeast market include Bellarise, SAF Instant Yeast, ADY, Kerry Group, ADM, Sensient Technologies Corporation, Associated British Foods, Red Star Active Dry Yeast and Titan Biotech Ltd., to name a few. These players are concentrating on introducing new products to enhance their product portfolio.

Titan Biotech, for instance, manufactures the Yeast Extract Powder Type 1 for usage in non-alcohol based foodstuffs. Likewise, ADM Animal Nutrition introduced yeast protein for animals in 2018. Recently, in 2020, it also launched the NutriPass L encapsulated lysine supplement for bovine animals, especially for lactating cows and growing cattle.

Dry Yeast Market Taxonomy

Product Type

  • Active Dry Yeast
  • Inactive Dry Yeast

Form

  • Powder
  • Flakes
  • Tablet Capsule

Base

  • Fortified
  • Unfortified

Nature

  • Organic
  • Conventional

Sales Channel

  • B2B
  • B2C
  • Modern Trade
  • Specialty Stores
  • Convenience Store
  • Online Retail
  • Other Sales Channel

Region/Country

North America

  • U.S
  • Canada

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Rest of Latin America

Europe

  • EU-5
  • BENELUX
  • Russia
  • Poland
  • Rest of Europe

South Asia

  • India
  • Pakistan
  • Sri Lanka

East Asia

  • China
  • Japan
  • South Korea

Oceania

  • Australia
  • New Zealand

Middle East & Africa

  • GCC
  • Turkey
  • South Africa
  • Rest of MEA

Download Segment-wise Analysis@ https://www.futuremarketinsights.com/ask-regional/rep-gb-12013

Get Valuable Insights into the Dry Yeast Market

Future Market Insights, in its new offering, provides an unbiased analysis of the global dry yeast Market, presenting historical demand data (2015-2019) and forecast statistics for the period from 2020-2030. The study divulges compelling insights on the dry yeast market, allowing readers to glean qualitative and quantitative information which will enable them to take informed market decisions in the upcoming forecast period.

Dry Yeast Market Outlook & Key Findings

  • Dry yeast market is estimated to be grow at a CAGR of 6.9% during the forecast period 2020-2030
  • Pet owners have become increasingly conscious about health & well-being of pets captivating towards organic formulations, unfolding growth opportunities for dry yeast market
  • Increasing demand for vegetarian and vegan pet food in European countries
  • From being product belonging to a niche segment, dry yeast has transitioned to one of the top performing category in the animal feed industry.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Seed Treatment Materials Market Earnings Margins, Value Of Production & Consumption Demand Figures 2022-2032

The global seed treatment materials market size is anticipated to reach US$ 5.81 Bn by the end of 2032. According to a study by Future Market Insights (FMI), the market is expected to rise at a  CAGR of  9.9% between 2022 and 2032.

According to the report, heightened usage of commercial seeds by the farmers and influence on supply side by manufacturers to adopt more sustainable approaches are giving impetus to the seed treatment materials market.

The agriculture industry is exhibiting high demand for naturally grown foods that are free from traces of chemicals and other toxic residues. This will in turn create growth opportunities for the biological seed treatment materials market.

The report provides exhaustive overview of the seed treatment materials market. It covers prevailing trends, analysing growth drivers and potential restraints. The impact of various strategies adopted by the leading market players is studied as well in detail in the report.

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It includes in-depth insights into the seed treatment materials market. Some of these are:

  • The estimated value of the market was at US$ 2.2 Bn in 2022
  • North America accounts for a dominant share in the seed treatment materials market.
  • Key players are likely to focus on establishing footprint across developing countries and acquiring small scale businesses to widen their reach in emerging markets
  • Seed treatment formulations to fortify seeds with multiple traits of protection, better yield, and resilience are some of the key strategies of market players

Use of Seed Treatment Materials Ensuring Consistent Income for Farmers

Owing to the changing lifestyles of consumers and emerging food trends, farmers are more inclined to grow high value crops, fruits, and vegetables. This has reduced crop rotation practices that were traditionally used for replenishing nutrients in the soil.

Seed coating materials contain ingredients such as zeolites, rhizobium, polyvinyl alcohol, and others that provide micronutrients and binding properties to seeds through coatings. These micronutrients help seeds to derive essential nutrients from the soil thus improving their overall yield.

The soil can, therefore, abide time to replenish itself with starter fertilizers coated on seeds and additional manure. Besides offering multiple benefits, seed treatment materials help seeds to germinate without completely relying on nutrients present in the soil. This is one of the chief factors duelling the demand for seed treatment materials in the farming community.

“The demand for seed treatment materials is expected to rise amidst the climate change as the treated seeds offer several advantages. Improvement in seed treatment materials can help farmers eliminate the use of pesticides. Using seed polymers and biologicals ensure environmental safety, while fostering cultivation in natural methods. Awareness regarding these benefits will create lucrative prospects for the market,” said a lead analyst at FMI.

Who is Winning?

Some of the key players operating in the seed treatment materials market are Bayer AG, Sumitomo Chemical, Evonik, Corteva Agriscience, Syngenta AG, BASF SE, Eastman Chemical Company, and Clariant Specialty Chemicals.

Due to the increasing competition, manufacturers are focusing on innovative seed formulations and setting up of sales and distribution channels. Besides this, some of the leading companies are focusing on entering into collaborations with regional/local manufacturers in the growing markets.

Market Segmentation

Coating Type :

  • Seed Film Coating
    • Matt Finish
    • Shine
    • Sparkle
  • Seed Encrusting
  • Seed Palleting

Application :

  • Seed Polymers
    • Petrochemical-Based Polymers
    • Biopolymers
  • Binder & Fillers
  • Colourant (dispersed pigment colour)
  • Seed Biologicals
    • Biological Inoculant
    • Biocontrols
    • Pheromones
    • Biostimulants
  • Seed protection
    • Insecticides
    • Thiamethoxam
    • Imidacloprid
    • Carbofuran
    • Other insecticides
  • Fungicides
    • Thiram
    • Carbendazim
    • Tebuconazole
    • Carboxin
    • Other fungicides
    • Other seed protection functions

Form :

  • Powder
  • Liquid

Treatment Method :

  • Chemical seed treatment
  • Non-chemical seed treatment
    • Biological seed treatment
    • Physical seed treatment
  • Hot Water Treatment
  • Dry Heat Treatment

Crop Type :

  • Cereals & Grains
    • Corn
    • Wheat
    • Rice
    • Sorghum
    • Barley
  • Oilseeds & Pulses
    • Soybean
    • Canola
    • Cotton
    • Sunflower
  • Other Crop Types
    • Turfs, forages, and alfalfa
    • Sugar beets & vegetables

Region :

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East & Africa

Ask More About This Report @ https://www.futuremarketinsights.com/ask-question/rep-gb-11832

Seed Treatment Materials Market Outlook & Key Findings

  • FMI forecasts the global seed treatment materials market to exhibit 9.9% CAGR between 2020 and 2030
  • Sustainability practices in agriculture to push adoption, resultantly the underlying opportunity in seed treatment material to increase at least two fold by 2030
  • Online portals and web applications, educating farmers about seeds and plant growth regulations are an extension of growth strategies adopted by market players
  • Certified commercial seeds offer 99% genetic purity hence preferred more by crop growers. Knowledge about the same will fuel demand for seed treatment material
  • Organic trends will enable growth in seed biologicals and polymers segments. Of these, seed polymers are expected to account for higher share in the global market.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Fish Feed Market Expected to Deliver Dynamic Progression until 2032

Exhibiting a CAGR of ~11%, the global fish feed market is slated for impressive growth between 2022 and 2032. Fish feed manufacturers are continuously driven towards increasing their production capacity by building state of art facilities at their sites to improve the quality and efficacy of their fish feed and boost the species performance and digestibility. Though, subjected to squeezed cash flow, likely Greenfield announcements are on hold and brownfield expansion may resume by the end of next quarter.

The cultivation of newly found species and their increasing applications in the feed industry is are key factors enabling growth in the fish feed market. New aquatic life, which are richer in protein and nutrient content, are gaining popularity as substitutes for older aquatic products. The rising demand for better and effective substitutes will spur the growth in the fish feed market.

The increasing frequency of disease outbreak in the last few years is adversely affecting production of major aquaculture species, including tilapia and shrimp. To contain this and ensure uninterrupted production, businesses will extensively invest in research and development activities. Such initiatives are likely to have positive impact on the overall market.

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The rising demand for organic food will also give impetus to the market. Driven by prevailing market forces, companies are likely to focus on “organic” certification. This is a key trend to look forward to in the fish feed market.

Key Takeaways from the Fish feed Market Study

  • The fish feed market is estimated to be valued at US$ 32.8 Bn in year 2022 and exhibit a CAGR of 11% between 2022 and 2032
  • Among forms, the pellet segment is estimated to be dominant in the global fish feed market, with a revenue share of nearly 50%
  • Currently the fish feed market is led by fish and fish products among product types with share of more than 80%
  •  Nutrition management for special nutritional requirements in fish feed is indispensable for the market players. This tool helps them combat the negative impact of diseases and improve survival rates in fishes.

 “The demand for commercially produced feed, water treatment products, feed additives, fertilizers, and vaccines will increase in the coming years. Recently genetics and animal health products have become more sophisticated. This will aid in the development of feed of desired effect,” said an FMI analyst.  

Fish Feed Market

Market Segmentation

Product Type

  • Plant Based
  • Fish & Fish Products
  • Microorganism

Form

  • Pellet
  • Granules
  • Flakes
  • Sticks
  • Powder

End Use Application

  • Commercial
  • Household

Distribution Channel

  • B2B
  • B2C
    • Store based
    • Online retail

Who is winning?

A few of the companies operating in the fish feed market are Cargill, Inc., Norel SA, Koninklijke DSM N.V., Aller Aqua A/S, BioMar Group, Zeigler Bros., Inc., Archer Daniel Midland, Skretting AS, Nutreco N.V., Biomin Holding GmbH, Dibaq Diproteg SA.

These companies are primarily focusing on developing innovative fish feed products. Besides this, some of them are emphasizing on acquisitions and investment in research and development of advanced technologies to launch novel products. For instance

  • In 2019, Nutreco launched two new fish feed products under the brand Skretting AS in Egypt to increase its market presence in Europe region
  • In 2017, Nutriad NV improved its product range by using advanced formulating techniques NutriTrace into its organic mineral product line to improve its commercial industry standards
  • In 2016, Ridley acquired  Camilleri  to improve its product range
  • In June 2015, ADM released its new fish feed product derived of algae rich in DHA in collaboration with between Bunge Ltd. and terravia

Get more Insights Analysis on this Fish Feed Market @ https://www.futuremarketinsights.com/ask-question/rep-gb-11713

Market Segmentation

Product Type:

  • Plant Based
  • Fish & Fish Products
  • Microorganism

Form:

  • Pellet
  • Granules
  • Flakes
  • Sticks
  • Powder

End Use Application:

  • Commercial
  • Household

Distribution Channel:

  • B2B
  • B2C
    • Store based
    • Online retail

Key Questions Answered in the Report

  • What is Fish feed market size?

The fish feed market is estimated to be valued at USD 112 billion in 2022 and is projected to reach USD 158 billion by 2032, recording a CAGR of 8.0%, in terms of value.

  • At what rate did the Fish feed Market Expand in The Last Five Years?

According to FMI’s study, the Fish feed market grew at 7.6% CAGR between 2017 and 2021.

  • What are the key factors driving Fish feed market demand?

The rising global fish consumption and an increase in processed seafood consumption are due to rising middle-class affluence in developing countries.The limited availability of marine feed resources as there is a growing demand for fish results in the growth of fish farming driving the demand for fish feed.

  • Which Countries Are the Highest consumers of Fish feed?

India, China, Japan, the United States, Brazil are the highest consumers of Fish feed.

  • Which is the Highest-Grossing Region in the Global Fish feed Market?

Asia-pacific region is a leading market share in the global Fish feed market, estimated to account for more than 50% of the overall market in 2022.

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Licorice Candy Market Growth Analysis, Varieties And Analysis Of Key Players- Forecasts To 2030

Global licorice candy market is projected to grow at a CAGR of ~5.7% between 2020 and 2030. Future Market Insights (FMI) has projected the sales of licorice candies to surge in sync with natural food category. The market is expected to gain an edge with the medical community becoming more absorbent with the holistic benefits of licorice. Spurred by these factors, FMI projects the licorice candy market to surpass US$ 250 Mn by the end of 2020.

These candies are available in different colors and attractive shapes, which are intended to attract consumers. Besides its colorful appearance and interesting shapes, licorice candies are known to ease pain of ulcers. They also help in improving resistance to stress. Awareness regarding a plethora of health benefits of licorice candy will fuel its demand in the near future.

With focus on preventive healthcare rising, healthcare products will be more frequently launched. FMI expects this trend to create favorable growth opportunities for the market.

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Key Takeaways from the Licorice Candy Market Study

  • The rising focus on making confectionery items healthier will aid growth in the licorice candy market. In addition to this, attractive packaging of candies will remain a key growth enabler
  • Demand from restaurants and hotels is expected to rise at a higher rate, yet household consumption will account for dominant share
  •  The increasing demand for the sugar-free candy is creating lucrative growth prospects

Rising Demand for Sugar Confectionery Products to Propel Growth

The demand for licorice candies is expected to rise on account of the expansion of the bakery and confectionery segment. Licorice candies are highly preferred by baby boomers and millennial. With the key players offering licorice candy in a wide range of flavors such as strawberry, raspberry and others, a demand uptick is most likely.

Licorice candies are often made from ingredients that have anti –diabetic effect. These ingredients can help in reducing blood sugar, besides possessing anti-inflammatory properties. To make their products more attractive to younger generation, there is immense focus on innovative packing among market players. Spurred by these factors, the licorice candy market will exhibit sustainable growth in the coming years.

“Licorice candy market is gaining traction due to the increasing demand for confectionery goods. In addition to this, rising demand from schools and institutions, restaurant, hotels and other segments, besides household consumption will create favorable opportunities for growth” says an FMI analyst.

Who is winning?

Some of the key players in the licorice candy market are The Old Time Candy Company, Kookaburra Liquorice, Red Vines and Gimbal’s Fine Candy and the emerging competitors are Darrell Lea, AirHeads, Kenny’s Candy Company, Inc., Candy Crate Inc., Switzer’s Authentic American Licorice Company, Sweet Gourmet, The Hershey Company, Candy, Kenny’s Candy, RJ’s Licorice and others.

The key manufactures are focusing on the acquisition of local businesses to expand their footprint and product offering. Besides this, acquisition often allows them to gain competitive advantage.

Some of the recent examples of their expansion strategies are:

  • In December 2019, Jelly Candy acquired the most reputed brand “Scottie Dogs licorice” of Gimbal’s jelly bean Gimbal Brothers, LLC to build its portfolio of confectionery and snack brand.
  • In 2018, The Old Time Candy Company offered licorice candies with different candy gifts such as “ subscription boxes”, “ personalized candy  bar wrappers” “ corporate gifts and others.

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Market Segmentation

The global licorice candy market is segmented in detail to cover every aspect of the market and present complete market intelligence to readers.

By Product Type

  • Original Black Licorice
  • Fruit Flavored Candy
  • Apple
  • Anise
  • Grape
  • Cinnamon
  • Grape
  • Strawberry
  • Others

By Application

  • Restaurants and Hotels
  • Schools and Institutions
  • Recreational and Sports Centers
  • Household Consumption
  • Others

Packaging

  • Cans
  • Jars
  • Bottles
  • Others

Sales Channel

  • Direct Sales
  • Indirect Sales
  • Modern Trade
  • Convenience Store
  • Departmental Store
  • Online Retailers
  • Traditional Grocery Store
  • Other Channels

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA

Licorice Candy Market Outlook & Key Findings

  • Future Market Insights (FMI) projects the global licorice candies market to surpass US$ 250 Mn by 2020 end
  • While traditional licorice lovers are likely to exhibit demand for red and black varieties, newer users desire innovations in flavors, size, and texture
  • Clean label licorice candies are likely to sweep the market. Citing this, FMI projects the licorice candy market to rise at 5.7% CAGR between 2020 and 2030
  • Better acceptance to holistic benefits of licorice candies from medical community and its prescription will give considerable impetus
  • FMI expects entry of established and large F&B companies in the market over the span for next three years

About FMI:

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact Us:                                                      

Future Market Insights
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com